Arbeitspapier
Congesting Pricing in a Road and Rail Network with Heterogeneous Values of Time and Schedule Delay
We analyse congestion pricing in a road and rail network with heterogeneous users. On the road there is bottleneck congestion. In the train there is crowding congestion. We separately analyse proportional heterogeneity that varies the values of time and schedule delay scalarly in fixed proportions and ratio heterogeneity that is in the ratio of value of time to value of schedule delay. We analyse first-best pricing and second-best pricing on only road or rail. More ratio heterogeneity lowers the relative efficiency of welfare maximisation by pricing only the road. This relative efficiency also decreases with proportional heterogeneity. Conversely, in previous research with two parallel roads, the relative efficiency of single-link pricing increased with proportional heterogeneity. This difference is caused by two road being perfect substitutes, while car and train are imperfect substitutes. The welfare gain of congestion pricing in the train is les s affected by heterogeneity. However, the relative efficiency of profit maximisation on rail only decreases with proportional and ratio heterogeneity. There are marked differences in the distributional effects on road and rail. On the road, pricing is generally more beneficial for the user the higher her value of time or schedule delay is. In the train, pricing has no distributional effects or is less beneficial the higher a user's value of time or schedule delay is.
- Language
-
Englisch
- Bibliographic citation
-
Series: Tinbergen Institute Discussion Paper ; No. 11-059/3
- Classification
-
Wirtschaft
Externalities
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Production, Pricing, and Market Structure; Size Distribution of Firms
Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
Transportation Economics: Government Pricing and Policy
- Subject
-
Congestion Pricing
Car Travel
Train Travel
Heterogeneity in Value of Time
Heterogeneity in Value of Schedule Delay
Substitute Modes
Bottleneck
Straßenverkehr
Straßenbenutzungsgebühr
Substitutionseffekt
Schienenverkehr
Scheduling-Verfahren
- Event
-
Geistige Schöpfung
- (who)
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van den Berg, Vincent
Verhoef, Erik T.
- Event
-
Veröffentlichung
- (who)
-
Tinbergen Institute
- (where)
-
Amsterdam and Rotterdam
- (when)
-
2011
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- van den Berg, Vincent
- Verhoef, Erik T.
- Tinbergen Institute
Time of origin
- 2011
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